To: WellyP
As the Dollar drops in value the world will demand that China float their currency! I think it's possible. However, I don't think floating their currency is going to be a smart move as long as so much of their wealth is tied up in dollars.
To: the invisib1e hand
Floating their currency would STUFF China's exports but it would go a long way toward squaring up our balance of payments and make US industry, what is left of it more marketable world wide. It would also give India a big shot!
5 posted on
10/23/2009 4:56:03 PM PDT by
WellyP
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